A consortium led by Fosun International Ltd. is in talks to acquire a majority stake in GV Gold, a Russian gold miner backed by BlackRock Inc., Bloomberg reported, citing people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co. for a joint offer, the people said, asking not…
Gold output of GV Gold rose by 36%, to 304,300 ounces in 2018 thanks to higher efficiency on all facilities and as the plants on Taryn and Ugakhan reached their design capacity, the company said in a statement on January 28. Sales grew by 37%, to 299,000 ounces with the average price amounting to $1,255…
The board of directors of Russia’s gold producer GV Gold has approved payment of 1.9 billion rubles in dividends for January-September, the company said in a statement on December 14. The shareholders will consider the recommendation at an extraordinary general meeting scheduled for December 28. In April, GV Gold approved a new dividend policy, under…
